For a second day in a row, Many Peaks Minerals (ASX:MPK) is performing significantly higher on the Australian Securities Exchange (ASX).
Many Peaks shares have risen 10.38% today (23 September) to trade just above $1 at $1.01.
Just yesterday, the company closed at around $0.92 per share, representing an almost 12% increase from Monday’s close of $0.825, as previously reported.
Attention on the bourse follows yesterday’s announcement, where Many Peaks shared that diamond core drilling had extended gold mineralisation by 70% at the Ouarigue prospect within the Ferké Project in Côte d’Ivoire.
Drilling has extended ‘high-grade’ mineralisation from approximately 540m depth to more than 900m vertical depth at the prospect.
Currently, Many Peaks has 170.78 million shares on issue with a market capitalisation of $156.26 million.
Once again, the S&P/ASX 200 is also up, gaining 7.40 points to a total of 8,765.20. The materials sector is one of the only sectors performing better today with a 2.06% increase.
Top performers on the index include Minerals 260 (ASX:MI6), Catalyst Metals (ASX:CYL), and Elevra Lithium (ASX:ELV).
Write to Maddison Elliott at Mining.com.au
Main Image: Wikimedia Commons
